Chapter 2 Part2

Question 1

as a dimension that derives partly from its historical development.

Answer 1

Economic globalization

Question 2

have become some of the largest economic entities in the world, surpassing many states.

Answer 2

Transnational corporations

Question 3

An investment to a business in a given nation state in the form of controlling its ownership.

Answer 3

Foreign Trade Investment

Question 4

• The intergovernmental organization sets and enforces the rules of international trade between the nations and states.

Answer 4

World Trade Organization

Question 5

• Its function is to eradicate poverty by loaning poor countries money for economic development, but these loans often come with demands of economic liberalization.

Answer 5

World Bank

Question 6

• Intergovernmental organization that envisions as a lender of last resort for countries experiencing economic crises.

Answer 6

International Monetary Fund

Question 7

• The group provided a context for more comprehensive international capitalist coordination and Planning

Answer 7

Bilderberg Group

Question 8

• Forum to foster effective collaborative leadership in the international system and closer cooperation among the core capitalist regions of Northern Europe, North America and Japan - the triad.

Answer 8

Trilateral Commission

Question 9

• Convened Europe’s CEOs to an informal gather in Switzerland to discuss European strategy in an international marketplace.

Answer 9

World Economic Forum

Question 10

• Formed in a merger of the Geneva-based Business Council for Sustainable Development and the Paris-based World Industry Council for the Environment (ICC branch).

Answer 10

World Business Council for
Sustainable Development (1995)

Question 11

Historically functioned as the most comprehensive business forum committed to liberalization. Refers to itself as the World business association

Answer 11

International Chamber of Commerce

Question 12

• Represents the manifestation of international trade, financial transfers, and foreign direct investment, the increasing internationally interconnected economy.

Answer 12

General analysis on globalization of the economy

Question 13

is an agreement or treaty given with the terms and conditions discussed and undertaken by three or more sovereign parties namely the participating nations or private entities

Answer 13

Multilateral agreement on investment and related initiatives

Question 14

Trade agreements like FTAA, NAFTA, CAFTA facilitate international trade, thereby strongly impacting people at all levels of the economy.

Answer 14

International Trade and Development